Zacks Research Has Strong Forecast for TDS FY2027 Earnings

Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) - Stock analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for Telephone and Data Systems in a research note issued to investors on Thursday, April 24th. Zacks Research analyst R. Department now anticipates that the Wireless communications provider will post earnings per share of ($0.27) for the year, up from their previous estimate of ($0.32). The consensus estimate for Telephone and Data Systems' current full-year earnings is ($0.31) per share.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.23. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%.

Separately, JPMorgan Chase & Co. increased their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

Telephone and Data Systems Stock Up 0.1 %

Shares of NYSE TDS traded up $0.04 during mid-day trading on Monday, hitting $37.53. The company had a trading volume of 397,967 shares, compared to its average volume of 1,088,011. The company has a market capitalization of $4.28 billion, a PE ratio of -6.95 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems has a 1-year low of $14.04 and a 1-year high of $41.21. The business's 50-day simple moving average is $36.20 and its 200 day simple moving average is $34.40.

Institutional Investors Weigh In On Telephone and Data Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Third Point LLC lifted its stake in Telephone and Data Systems by 108.7% in the fourth quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock valued at $204,660,000 after buying an additional 3,125,000 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Telephone and Data Systems by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock worth $110,161,000 after purchasing an additional 203,897 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Telephone and Data Systems by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock worth $64,801,000 after purchasing an additional 20,721 shares during the last quarter. Carronade Capital Management LP purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth approximately $62,845,000. Finally, Silver Point Capital L.P. raised its stake in shares of Telephone and Data Systems by 47.2% during the fourth quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider's stock worth $62,762,000 after purchasing an additional 590,000 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio is currently -18.60%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.